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Questions
When total utility is maximum, how much is the marginal utility?
What would be the value of marginal utility when total utility is maximum?
Short Answer
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Solution
When total utility is maximum, marginal utility is zero. The law of diminishing marginal utility claims that as a consumer consumes more units of a good, the additional satisfaction (marginal utility) declines. After the total utility increases, continuing consumption would result in negative marginal utility, decreasing satisfaction.
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Notes
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